Birthplace Of Hip-Hop Sold For $7 Million The building that helped give birth to Hip-Hop was sold to a new owner last week for $7 million dollars, AllHipHop.com has confirmed.   Developer Mark Karasick outbid the current tenants for 1520 Sedgwick Avenue, which is located in the Bronx.   Kool Herc and his sister threw a party on August 11, 1973, in the first floor recreational room of 1520 Sedgwick Avenue.   The address is recognized as the place that Kool Herc hosted his first parties with his sister Cindy, eventually...(read more) Tue, 07 Oct 2008 17:50:00 GMT